S&P reaffirms Skuld's 'A' rating with stable outlook


Published: 29 August 2016

On 15 August 2016 Standard & Poor's Ratings Services reaffirmed its 'A' rating on Assuranceforeningen Skuld (Gjensidig). The outlook is stable.


Business Risk Profile: Strong

  • Membership of the International Group (IG) of protection and indemnity (P&I) clubs provides market access.
  • One of the most diversified of its IG peers, including a Lloyd's syndicate.
  • Strong brand reputation and operating performance.

Financial Risk Profile: Strong

  • Capital adequacy will likely remain above or only just below the 'AA' level.
  • The P&I sector is inherently volatile. The IG joint reinsurance program helps to manage exposure.
  • Less-volatile operating performance than most of its IG peers.